Edgar Filing: PINNACLE ENTERTAINMENT INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

LESLIE BRUCE A

2. Issuer Name and Ticker or Trading Symbol
PINNACLE ENTERTAINMENT INC [PNK]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

C/O PINNACLE ENTERTAINMENT, INC., 3800 HOWARD HUGHES PARKWAY

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2007

(Street)

LAS VEGAS, NV 89169

4. If Amendment, Date Original Filed(Month/Day/Year)
01/03/2008

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom Stock Units ⁽¹⁾

$ 23.97 ⁽²⁾

12/31/2007

1,283 ⁽³⁾

⁽⁴⁾

Common Stock

1,283 ⁽³⁾

$ 23.97 ⁽⁵⁾

27,394 ⁽⁶⁾ ⁽⁷⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
LESLIE BRUCE A C/O PINNACLE ENTERTAINMENT, INC. 3800 HOWARD HUGHES PARKWAY LAS VEGAS, NV 89169	X

Signatures

John A. Godfrey, Attorney-In-Fact for Bruce A. Leslie		03/11/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The units of phantom stock accrued under the issuer's directors deferred compensation plan.
(2)	Each phantom stock unit converts into the issuer's Common Stock on a one-for-one basis.
(3)	This amended Form 4 updates the number of derivative securities acquired and the amount of underlying securities acquired to 1,283 to reflect an additional 63 phantom stock units that were awarded on December 31, 2007, but not previously reported.
(4)	The phantom stock units are to be settled in an equal number of shares of issuer's Common Stock after a specified period following the Reporting Person's retirement, resignation or other events.
(5)	On December 31, 2007, the Company's Board granted the Reporting Person 1,283 phantom stock units. The price of the phantom stock units was determined by the average closing price of the issuer's Common Stock on the ten business days preceding the transaction date inclusive thereof.
(6)	Represents aggregated holdings of units of phantom stock on December 31, 2007.
(7)	This amended Form 4 updates the aggregated holdings of units of phantom stock on December 31, 2007 to 27,394, including 63 phantom stock units not previously reported.

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